Economy

ECOWAS Single Currency will boost Trade & Economic Activity – Akufo-Addo

Single Currency

President Nana Addo Dankwa Akufo-Addo, says the introduction of a single currency in West Africa will, amongst others, help remove trade and monetary barriers, reduce transaction costs, boost economic activity, and raise the living standards of the peoples of the Region. Delivering the opening address at the 5th Meeting of the Presidential Task Force on the ECOWAS Single Currency, held ...

Read More »

Inflation Drops To 10.3% From 11.8%

Mankessim

The Ghana statistical Service has revealed that inflation has dropped from 11.8 percent to 10.3 percent for the month of January. This represents a significant drop considering the fact that inflation increased to 11.8 percent in December. The monthly change rate in January 2018 was 1.4 percent compared with the 1.0 recorded in December 2017. Inflation is the rate at ...

Read More »

Government raises GHC1.99 billion bond at 16.5%

graduate unemployment

The Akufo Addo Government has raised a total of GHC1.99 billion in a five-year domestic bond at a yield of 16.5 percent. The initial guidance for the bond, open to non-resident Ghanaians, was in the range of 15 percent to 16.5 percent. The total bids tendered were 2.01 billion cedis but government accepted 1.99 billion cedis. Settlement of the bond ...

Read More »

Bitcoin drops $2,000 in value as South Korea announces planned trading ban

bitcoin

News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction  Bitcoin’s 1,500% surge since January 2017 has spurred huge demand, stoking worries of a growing gambling addiction in the country. Photograph: Anadolu Agency/Getty Images The value of bitcoin plunged 13.5% in the early hours of Thursday after news hit that South Korea is ...

Read More »

What is cryptocurrency or digital cash?

bitcoin

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.” His goal was to invent something; many people failed to create ...

Read More »

December inflation hits 11.8%

inflation rate

The inflation rate for December 2017 increased slightly to 11.8 percent, up from the 11.7 percent recorded in November in the same year, acting Government Statistician, Baah Wadieh announced Wednesday.The monthly change rate, according to Mr Wadieh comes as a result of the rise in the two main components, Food and Non-food Inflation. “The food inflation rate for December 2017 ...

Read More »

Ghana To Build Bauxite Refinery – Bawumia

$1 Million per Constituency

Vice president Dr Mahamudu Bawumia has disclosed the government is putting in place the necessary legislation and infrastructure to establish a bauxite refinery in the next two to three years. A bill seeking to set up a Bauxite Development Authority to facilitate the establishment of an Integrated Aluminium Industry will be submitted to Parliament early next year after broad consultations, ...

Read More »

Africa Must Implement SDGs With Urgency – Akufo-Addo

SDGs in Ghana

President Nana Addo Dankwa Akufo-Addo wants African leaders to pursue the implementation of the UN Sustainable Development Goals (SDGs) with high sense of urgency. He noted it has become imperative to see the Goals materialized due to the deficit in human development on the African continent, the high levels of poverty and deprivation, climate change and the teeming numbers of ...

Read More »

If this was the best year of your life, What Would Have to Happen?

Best Year

Before 2017 ends, don’t let the negative appraisal or negative opinion of your supervisor or superior or manager or boss or employer about your competence or skills define your sense of self-worth. Let it not cause you to doubt the dreams you have or to dilute the aspirations you have for the future. Instead of allowing the negative comments and ...

Read More »

Government will lose GHC13.6m monthly

Seth Terpker

It is estimated that government will lose GH¢13.6 million every month due to the reduction of seven pesewas in the Price Stabilisation and Recovery Levy (PSRL) on diesel and Liquefied Petroleum Gas (LPG). This comprises GH¢11.9 million directly from the PSRL on the two products and GH¢1.7 million from the Special Petroleum Tax, which is charged on all taxes on ...

Read More »